Financial Accounting
Financial Accounting
ACCT 2301
THE ANNUAL REPORT PROJECT
DUE DATE FOR ANNUAL REPORT BOOKLET OR IF YOU USE THE INTERNET THE COPIES OR BOOKLET WITH THE 4 Financial Statements: MARCH 22, 2005
NOTES TO THE FINANCIAL STATEMENTS: APRIL 12, 2005
DUE DATE FOR FINAL PROJECT: MAY 3, 2005 (Beginning of class)
Instructions:
You must choose a U.S. Company that is publicly traded on the NYSE or the NASDAQ that has inventory and cost of sales in other words a retailer, wholesaler or manufacturer. Immediately after you choose the corporation for your project please sign up since each person in the class must select a different corporation. Requests will be honored based on first person to sign up on the class list will get first choice. Be sure to have more than one company in mind in case someone else picks the company that was your first choice before you get to sign up. When turning in the final project staple your project together and do not use expensive notebooks for your project because I retain your projects. Do not use a borrowed Annual Report because I retain them also.

Grammar and spelling will be considered. Please go to the writing center if you need help. Your term project should consist of a minimum of four double-spaced pages organized according to the following outline:

Introduction
Identify your company by writing in complete sentences a summary that includes the following elements:
Name of the chief executive officer
Home office
Ending date of latest fiscal year which is the report that must be used in this project.
Description of the principal products or services that the company provides.
Main geographic area of activity
Name of the companys independent accountants (auditors). In your own words, what did the accountants say about the companys financial statements? Are the financial statements the responsibility of the independent accountants? If not, who is responsible?

The closing market price of the companys stock on April 15, 2004, and its dividend per share for the last 12 months if there is not a dividend disclosed in the annual report. If there is a dividend in the annual report please use it. On which exchange is the company listed and what is its ticker symbol?

Many corporations have a corporate internet site. If your chosen company has one, what is the internet address for the company?
Industry Situation and Company Plans
Minimum of one-half page long preferably longer if that is what it takes to answer the following question completely. Describe the industry and its outlook and summarize the companys future plans based on your library research and on reading managementЎ¦s discussion in the annual report. Be sure to read the letter to the stockholders and include relevant information about the companys plans from that discussion. (Footnote sources)

Financial Statements
Income Statement: For the last two years reported list the income from continuing operations(also may be referred to as operating profit-see Chapter 3 and 5), the net income and comment on the cause or nature of the increase or decrease of the companyЎ¦s net income. If your company is a manufacturer, wholesaler or retailer determine the gross profit percentage(also called gross profit ratio) for the most recent 2 years. Please show your work. (Refer to chapter 6, p. 289)

Balance sheet: For 2 years show that Assets = Liabilities + Stockholders Equity for the past two years. This should only require 3 numbers per year. Attaching or inserting the whole Balance Sheet does not satisfy this requirement.

Statement of Cash Flows: For each of the past two years are cash flows from operations more or less than net income? What is the companyЎ¦s main investing activity?(i.e. Cash Outflows in this section and amounts should be in parentheses) What is the companys most important source of financing?(i.e. Cash Inflow in this section which should not be in parentheses) Overall, has cash increased or decreased over the past two years?

Accounting Policies
What are the

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Statement Of Cash Flows And U.S. Company. (July 8, 2021). Retrieved from https://www.freeessays.education/statement-of-cash-flows-and-u-s-company-essay/